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A comment on TerraUSD crash led to vanished savings, shattered dreams. Parent comment
People deposited to receive incentives. They borrowed to receive incentives. That’s it.
The APY was chosen arbitrarily. Nobody there underestimated default risk.
Dumb place to stick your money FWIW.
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People deposited to receive incentives. They borrowed to receive incentives. That’s it.
The APY was chosen arbitrarily. Nobody there underestimated default risk.
Dumb place to stick your money FWIW.